He is planning a reorganization to keep mechanics closer to the machines they work on.
You probably won't need your snow blower during the heat of summer, so you can schedule yearly reorganizations to keep your space in the most optimum arrangement for the season.
The reductions at WebHouse Club, which is based in Greenwich, Conn., are part of a reorganization to help keep costs in line and make room for future expansion, a company spokesman, Kevin Goldman, said.
But some analysts voiced concern about whether the bank could keep up the pace of the reorganization without hurting earnings amid a more difficult market environment.
Those reorganizations kept coming year after year, along with writedowns from office closings.
In structuring a business plan, the analysts said, management will have to decide whether to shed some assets, sell the company or try to keep it together as part of a reorganization.
Continental has said it would pay as much as $400 million for some of T.W.A.'s assets as part of a reorganization led by others that would keep T.W.A. flying as an independent carrier.
Deterred by lack of credit and, in some cases, wagering on the possibility of a government bailout, corporate executives have chosen to avoid bankruptcy and delay changes that might keep businesses going, which can block a successful reorganization, said Lynn LoPucki, a law professor visiting at Harvard.
A rising star and F.O.R. (Friend of Rick Wagoner; both went to Harvard B-School), Smith was the only division chief to keep a vice president title in last year's reorganization.
Company officials said that they intended to keep the hotel, casino and spa open through the reorganization.
